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40 Wall Street

Trump Organization Leases Office Space At 40 Wall Street To Pitta LLP With LSL Advisors As Tenant's Rep
LEASEDOffice

Trump Organization Leases Office Space At 40 Wall Street To Pitta LLP With LSL Advisors As Tenant's Rep

40 Wall Street

$57

$57/SF

Building Size

25,393 SF

Asset Type

Office

Closing

May 15, 2025

AI

The property involved in this transaction is an office asset located at 40 Wall Street in the Financial District. The lease type is a Modified Gross Lease with an asking rent of $57 per square foot for a total area of 25,393 square feet.

Summary of transaction details:

This lease transaction involves key representatives from both parties, including Eric Trump and Myles Fennon for the landlord, while Daniel Lolai, Wayne Siegel, Michael Hymowitz, and Eric Siegel from LSL Advisors represent the tenant, Pitta LLP, highlighting the expertise and involvement of multiple parties in the arrangement.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
Myles Fennon

Myles Fennon

Trump Organization

Landlord

8 deals

Landlord
Trump Organization
Trump OrganizationLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

278298.25%

Cash-on-Cash

-79538.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93